RECAP
Just like we had written, nifty made open low at4967 and moved to our first target of 5000.
It was the only trade possible in what was otherwise a dull day for trading.
Link to yesterday's post: http://jerrytechnicals.blogspot.com/2009/12/indian-stock-market-outlook-22-december.html
NIFTY
Nifty closed at a strong support area of 4985. This area should act as support in today's trading.
As long as nifty doesn't break yesterday low of 4967, it will move upto 5010, 5025 and 5040.
5040 level will act as strong area of resistance today.
NIFTY - Option Watch
Most Traded Puts
Most Traded Calls
There are no levels for bank nifty today.
Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss.
1 comment:
Hi Jerry,
Could you explain us what are all the factors to be inferred from the most traded calls/puts and can we trade options based on the factors if there is any ?????
Regards,
Vengat
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